Summary by Moomoo AI
China Central Iron Co., Ltd. (abbreviated as: China Central Iron) issued a notice on 29 January 2024 detailing the reality of the external guarantee for the fourth quarter of 2023. The announcement noted that China Railways had an external guarantee amount of RMB 72.58 billion in the quarter, with a cumulative margin of RMB 1,544.96 billion. The insured party consists of 23 wholly-owned subsidiaries, 6 holding subsidiaries and 1 joint-stock company, and it is confirmed that these insured parties are not related to the company. China Iron stressed that the company's overall control over external collateral is basically more than 70%, reminding investors to be aware of the risks involved. The announcement also states that the insurance provided by the Company and its holding subsidiaries is...Show More